QUESTION
I have irrevocable trust, made in March 2006. It is time to make changes but lawyer is charging me $10K. Should I change from irrevocable to revocable
Asked on Jun 02nd, 2018 on Estate Planning - Virginia
More details to this question:
I have irrevocable trust 13 years old. Need to make changes. Went to the lawyer that made up the irrevocable trust to make changes and his charge is $10,000. I am a senior citizen, retired, live alone, single, and have very little family left. I have had Dementia for 13 years.
1 ANSWER
Aged and Aging Attorney serving Newport, KY
at
Elder Law Center of Northern Kentucky
Update Your Profile
Please do not do anything until you speak with a qualified Elder Law attorney in your area. That fee is outrageous and, depending on why the irrevocable trust was created, attempting to "undo" it could have serious financial consequences.
Answered on Jun 05th, 2018 at 9:09 AM